Thank you for your support! Your generous donations go a long way in funding scholarships, research and programs that allows us to continue delivering quality education to our students.
Direct Gifts
Whether though cash, checks, credit cards or DAFs (Donor Advised Funds), these outright gifts help fund the College to meet its greatest needs.
Donor Advised Funds (DAFS) is a giving vehicle that allows donors to make a charitable contribution and receive an immediate tax deduction and then recommend grants from the fund over time.
To make a gift through your donor advised funds, please first speak with your financial advisor and fund administrator to generate your gift and to understand any end of year deadlines they may have.
To make credit cards, wire transfers and ACH payments by phone contact:
The Borough of Manhattan Community College Foundation
Office of Institutional Advancement
199 Chambers Street, F-1330
New York, NY 10007
Email advancementevents@bmcc.cuny.edu or call (212) 220-8020
Please mail checks to:
The Borough of Manhattan Community College Foundation
Office of Institutional Advancement
199 Chambers Street, F-1330
New York, NY 10007
In December 2015, Congress passed H.R. 2029: Protecting Americans from Tax Hike (PATH) Act of 2015, which made permanent what is usually known as the IRA Rollover. A qualified charitable distribution from an IRA is a good way for IRA owners age 70 ½ and over to support our work. To get started, simply:
- Instruct your IRA custodian to make a distribution directly to the BMCC Foundation, Inc.
- Although there is no tax deduction, the distribution is excluded from your income for federal tax purposes—no tax is due!
- Up to $100,000 of your gift (annual aggregate limit) qualifies for this favorable tax treatment.
- Your gift makes an immediate impact.
- A qualified charitable distribution from an IRA counts toward a donor’s RMD if one is due. Federal legislation passed in 2019 and 2020 had an impact on required minimum distribution (RMD) rules for IRAs, and RMDs are waived for most donors in 2020. Nonetheless, the option to make a tax-free distribution from your IRA to us remains available if you are 70½ or over. Contributions to your IRA can impact the amount eligible for a tax-free transfer.
Please mail checks to:
The Borough of Manhattan Community College Foundation
Office of Institutional Advancement
199 Chambers Street, F-1330
New York, NY 10007
Gifts of Securities
If you are planning to make a gift of securities to the BMCC Foundation on behalf of the College, please call the Office of Institutional Advancement at (212) 220-8020 or email advancementevents@bmcc.cuny.edu.
Gifts of publicly traded securities that have appreciated in value allow you to claim a charitable deduction for the full market value of the securities on the date the gift is made. You pay no capital gains tax on the appreciation. If you are planning to make a gift of marketable securities to the BMCC Foundation on behalf of the College, please call the Office of Institutional Advancement at (212) 220-8020 or email advancementevents@bmcc.cuny.edu.
If you are planning to make an Electronic Stock Transfer to the BMCC Foundation, please call the Office of Institutional Advancement at (212) 220-8020 or email advancementevents@bmcc.cuny.edu.
If you are planning to make a Mutual Fund Transfer to the BMCC Foundation, please call the Office of Institutional Advancement at (212) 220-8020 or email advancementevents@bmcc.cuny.edu.
Corporations and Foundations
Our goal in partnerships with corporations and foundations is to bring resources from corporate, private and public foundations to support the College’s priorities in academics, research, capital, and service projects, which is mutually beneficial and sustainable to all parties. To partner with us, please call the Office of Institutional Advancement at (212) 220-8013 or email advancementevents@bmcc.cuny.edu.
Matching Gifts
What’s better than a generous gift to the BMCC Foundation? A gift that’s twice as generous, thanks to a third party’s matching gift program! Many companies offer employees and their spouses—and even retirees—a matching gift benefit that could double or even triple your gift. Contact your company’s human resources office or check their website to see your options.
You can send your matching gift forms via email to advancementevents@bmcc.cuny.edu or mail to:
The Borough of Manhattan Community College Foundation
Office of Institutional Advancement
199 Chambers Street, F-1330
New York, NY 10007
Gifts of Real Estate
As a donor, you can give an outright gift of real estate, transfer that asset into a charitable trust or arrange for sale agreement to and through the BMCC Foundation. It is possible to arrange a sizable tax deduction by deeding a home to the BMCC Foundation, while continuing to occupy the property for life. To learn how you can make a gift of real estate, please call the Office of Institutional Advancement at (212) 220-8020 or email advancementevents@bmcc.cuny.edu.
Planned Giving
What is a planned giving? Planned giving is a way to leave a legacy in support of BMCC through the BMCC Foundation by including the College in your will, living trusts, life income gifts, retirement plans, IRAs, or life insurance policies to ensure the future of BMCC.
As a donor, you can make a substantial, cost-effective gift to the BMCC Foundation on behalf of the College. Your life insurance proceeds can be paid to the BMCC Foundation without delay, is private and the outright gift of the policy creates an income tax deduction up to 50% of the donor’s adjusted gross income. To learn how you can make a gift of real estate, please call the Office of Institutional Advancement at (212) 220-8020 or email advancementevents@bmcc.cuny.edu .
As a donor, in writing a will or living trust, you can specify how you would like your estate to benefit BMCC. Donors who wish to have their gifts managed by the BMCC Foundation must specifically state in their wills or living trusts that their gifts will be made to the Foundation. To learn more about bequests and how you can include BMCC in your estate plans, please call the Office of Advancement at (212) 220-8020 or email or advancementevents@bmcc.cuny.edu.
Bequest language for general purposes:
I give and bequeath to The BMCC Foundation, Inc., the sum of ___________ Dollars {or all the rest, residue, and remainder of my estate} to be used for the purposes of the College.
Bequest language for general purposes Endowed Fund:
I give and bequeath to The BMCC Foundation, Inc., the sum of ___________ Dollars {or all the rest, residue, and remainder of my estate} to create an endowed fund (the “Fund”). The income from this Fund shall be used for the general purposes of the College.
The College is hereby authorized to commingle this Fund, and any additions thereto, with the general investment funds of the College, provided only that this Fund be credited with its pro rata share of net investment income in the same manner as the other pooled funds are credited with income.
If, as a result of changed conditions in the future, the income from this Fund shall not be needed for the original purpose set forth above, then the College is authorized to use the income for such other purposes as nearly as possible akin to the original purpose as in its judgment will help advance the aims of the College {and serve as a memorial to [testator’s name]}.
Life Income gifts serve a dual purpose: the provide philanthropic support for BMCC through the BMCC Foundation on behalf of the College, while also providing both a charitable income tax deduction and an income stream to you and/or your loved ones.
Charitable Gift Annuity (CGA) – allows donors to make significant gifts with a modest amount of cash (gifts of $10,000+) or property to the BMCC Foundation on behalf of the College, while providing a fixed income for life, plus potential tax savings through an itemized deduction.
Deferred Charitable Gift Annuity – allows donors to make significant gifts ($10,000+) to the BMCC Foundation on behalf of the College, while providing a fixed income for life. However, the donor determines the start date of payments, which must be deferred for at least one year after the gift is made.
Charitable Remainder Unitrust (CRUT) – allows donors to provide an income to a named beneficiary and selecting your rate of return, while making the remainder gift to the BMCC Foundation on behalf of the College.
Charitable Remainder Annuity Trust (CRAT) – allows donors to make a significant gift (gifts up to $100,000+), while like a gift annuity, provide a tax-exempt fixed income to the donor.
To learn more about life income gifts and how you can include BMCC in your estate plans, please call the Office for Advancement at (212) 220-8020 or email advancementevents@bmcc.cuny.edu.
